Principal Financial Group (PFG): financials, SEC filings and peers
Principal Financial Group (PFG) is a life & health insurance company in the Financials sector of the S&P 500, headquartered in Des Moines, Iowa.
It was founded in 1879 and joined the S&P 500 on July 22, 2002.
Its fiscal year ends in December, and its shares trade on the Nasdaq.
In its SEC filings it is classified as “Accident & Health Insurance”.
Principal Financial Group at a glance
- Revenue (12 months)
- $16.6B
- Revenue growth
- +5.2%
- Operating margin
- —
- Net income (12 months)
- $2.0B
- Free cash flow (12 months)
- —
- Cash
- $4.5B
- Debt
- $4.5B
- Diluted EPS (12 months)
- $8.98
Twelve months to September 30, 2026, from the 10-Q filed October 29, 2026.
Latest twelve months
Over the twelve months to September 30, 2026, Principal Financial Group reported revenue of $16.6 billion, about the same as a year earlier (+5.2%).
Net income was $2.0 billion (11.9% of revenue), 25.6% higher than a year earlier.
At the end of the period it held $4.5 billion in cash and $4.5 billion in debt, a net debt position of $53 million.
The diluted share count fell 3.7% in a year, typically the result of buybacks.
Five-year trend
- Revenue went from $14.7 billion in fiscal 2020 to $15.6 billion in fiscal 2025, about 1.2% a year.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $14.4B | $17.5B | $13.7B | $16.1B | $15.6B |
| Revenue growth | -2.1% | 21.5% | -22.1% | 18.0% | -3.1% |
| Operating margin | — | — | — | — | — |
| Net income | $1.6B | $4.8B | $623M | $1.6B | $1.2B |
| Free cash flow | — | — | — | — | — |
| Diluted EPS | $5.79 | $18.63 | $2.55 | $6.68 | $5.25 |
Fiscal years as reported in Principal Financial Group’s 10-K filings. Free cash flow is operating cash flow minus capital spending.
Recent SEC filings
- 10-Q filed October 29, 2026 — quarterly report
- 8-K filed October 26, 2026 — Earnings results
- 8-K filed October 19, 2026 — Regulation FD disclosure
- 8-K filed September 10, 2026 — Material agreement; New debt obligation
- 10-Q filed July 29, 2026 — quarterly report
- 8-K filed July 27, 2026 — Earnings results
- 8-K filed July 20, 2026 — Regulation FD disclosure
- 8-K filed June 1, 2026 — Material agreement; New debt obligation
Companies like Principal Financial Group
Other S&P 500 companies in Life & Health Insurance:
- AFLAflacColumbus, Georgia
- GLGlobe LifeMcKinney, Texas
- METMetLifeNew York City, New York
- PRUPrudential FinancialNewark, New Jersey
More from Financials
Questions about Principal Financial Group
Is Principal Financial Group's revenue growing?
Yes. Revenue for the twelve months to September 30, 2026 was $16.6 billion, up 5.2% from a year earlier, according to its SEC filings.
Is Principal Financial Group profitable?
Yes. It earned $2.0 billion in net income over the twelve months to September 30, 2026, a net margin of 11.9%.
Does Principal Financial Group have more cash or more debt?
At September 30, 2026 it had $4.5 billion in cash and $4.5 billion in debt, so more debt than cash.
When did Principal Financial Group last file financial results?
Its latest quarterly report (10-Q) was filed with the SEC on October 29, 2026.
Which companies are similar to Principal Financial Group?
In the S&P 500, Principal Financial Group is grouped in Life & Health Insurance within the Financials sector. Aflac (AFL), Globe Life (GL), MetLife (MET), Prudential Financial (PRU) are in the same group.
Understand the numbers
Source: Principal Financial Group’s filings with the U.S. Securities and Exchange Commission (EDGAR), retrieved November 11, 2026. Figures are as reported by the company and may be restated. This page is for information only and is not financial advice.